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SBS Transit's Q2 profit jumps 75.3% to S$12.71m

SBS Transit expects bus service revenue to be higher with a full-year contribution of revenue under the Bus Contracting Model

Singapore

BUS contracting and higher rail ridership boosted SBS Transit's (SBST) net profit for the second quarter ended June 30 by 75.3 per cent to S$12.71 million, as revenue grew 7 per cent to S$287.8 million from the corresponding period a year ago.